Port Allegany, PA 16743 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Port Allegany, PA—16743

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$124,000

4.0% YoY Growth

Household Income

$53,800

5.9% YoY Growth

Days on Market

11.0% Shorter YoY

Home Price Forecast

0.4%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Port Allegany, PA

As of Dec '25, the median home price in Port Allegany, PA is $124,000, with a year-over-year change of 4.0%. This indicates that home prices in Port Allegany, PA are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$124,000	4.0%
Single Family	$124,000	5.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Port Allegany, PA

Port Allegany, PA lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

16.0%

2 Bedrooms

27.4%

3 Bedrooms

31.9%

4 Bedrooms

20.2%

5+ Bedrooms

4.5%

Property Listings — Port Allegany, PA

As of Dec '25, Realtor.com reports that the median days on market for a home in Port Allegany, PA is 75. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$150,000	-34.0%
Listing Count	5	-36.0%
Listings as % of Homes	0.4%	-36.0%
Days on Market	70	-11.0%

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Demographics — Port Allegany, PA

As of the latest ACS Survey released in 2023, Port Allegany, PA has a population of 3,960, which has increased by 1.8% over the past 5 years. Port Allegany, PA is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,960	1.8%
% Under 18	26.6%	16.7%
% Seniors	18.2%	-4.2%
% WFH	6.8%	9.7%
% w/ College Degree	22.9%	27.9%

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As of the latest ACS Survey released in 2023, Port Allegany, PA is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Port Allegany, PA is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.7% of the population in Port Allegany, PA, and this percentage has increased by 16.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	95.1%	-2.5%
% Black	0.1%	0.0%
% Hispanic	1.5%	87.5%
% Asian	0.4%	-20.0%
% Foreign Born	0.7%	16.7%

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Mortgage and Risk — Port Allegany, PA

According to HUD data as of 2023, there were 39 mortgage originations in Port Allegany, PA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Port Allegany, PA. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	39
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	0.0%
% Second Loans	3.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Port Allegany, PA

Port Allegany, PA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	113
Total Units Section 8	42
% Rentals under Section 8	N/A
% Occupied Section 8	79.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$760
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,170
4 Bedroom	N/A	N/A	$1,350

Port Allegany, PA—16743

Key Metrics at a Glance

Home Price Trends — Port Allegany, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Port Allegany, PA

% of Rental Stock

Property Listings — Port Allegany, PA

Demographics — Port Allegany, PA

Race and Ethnicity

Mortgage and Risk — Port Allegany, PA

Mortgages

Rentals and Section 8 — Port Allegany, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Port Allegany, PA

Home Price to Income Ratio

Port Allegany, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Annin Creek, PA

Smethport, PA

Shinglehouse, PA

Eldred, PA

Hazel Hurst, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$124,000
Median Household Income	$53,800

Port Allegany, PA—16743

Key Metrics at a Glance

Home Price Trends — Port Allegany, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Port Allegany, PA

% of Rental Stock

Property Listings — Port Allegany, PA

Demographics — Port Allegany, PA

Race and Ethnicity

Mortgage and Risk — Port Allegany, PA

Mortgages

Rentals and Section 8 — Port Allegany, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Port Allegany, PA

Home Price to Income Ratio

Port Allegany, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Annin Creek, PA

Smethport, PA

Shinglehouse, PA

Eldred, PA

Hazel Hurst, PA

Frequently Asked Questions

What is the average home price in Port Allegany, PA 16743?

How have home prices in Port Allegany, PA 16743 changed over the past year?

What is the home price projection for Port Allegany, PA 16743?

What are the demographics of Port Allegany, PA 16743?

How long does it take homes to sell in Port Allegany, PA 16743?

What is the average rent price in Port Allegany, PA 16743?